Refer to the information provided in Figure 15.1 below to answer the questions that follow. Figure 15.1
-Refer to Figure 15.1.Suppose it takes policy makers from time t2 to time t4 to take an action to stimulate the economy.This is an example of
A)cyclical lag.
B)recognition lag.
C)implementation lag.
D)response lag.

Question

Refer to the information provided in Figure 15.1 below to answer the questions that follow.  Figure 15.1
-Refer to Figure 15.1.Suppose it takes policy makers from time t2 to time t4 to take an action to stimulate the economy.This is an example of
A)cyclical lag. 
B)recognition lag. 
C)implementation lag. 
D)response lag.

Quizplus · Accepted Answer

The time between recognizing the need for a policy change (t2) and implementing that change (t4) is known as the implementation lag.

Refer to the Information Provided in Figure 15